{
 "ticker": "TSLQ",
 "name": "Tradr 2X Short TSLA Daily ETF",
 "issuer": "Tradr",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/TSLQ",
 "html": "https://etfiq.com/funds/TSLQ",
 "markdown": "https://etfiq.com/funds/TSLQ.md",
 "as_of": "2026-09-11",
 "verdict": "Three months to Sep 11, 2026: TSLQ returned +0.2% where its own daily promise gave \u22121.7%, 1.9 points over.",
 "key_facts": [
  {
   "key": "what_tsla_did",
   "label": "What TSLA did",
   "value": "\u221210.1%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "TSLQ, what TSLA did: \u221210.1%, as of Sep 11, 2026."
  },
  {
   "key": "what_2_times_a_day_gives",
   "label": "What \u22122 times a day gives",
   "value": "\u22121.7%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "TSLQ, what \u22122 times a day gives: \u22121.7%, as of Sep 11, 2026."
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "+0.2%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "TSLQ, what the fund returned: +0.2%, as of Sep 11, 2026."
  },
  {
   "key": "the_fund_itself_added",
   "label": "The fund itself added",
   "value": "+1.9 pts",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "TSLQ, the fund itself added: +1.9 pts, as of Sep 11, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$114m",
   "source": "source, as filed for Jun 30, 2026",
   "as_of": "2026-09-11",
   "sentence": "TSLQ, net assets: $114m (source, as filed for Jun 30, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.15%",
   "source": "485BPOS XBRL, Jul 23, 2026",
   "as_of": "2026-09-11",
   "sentence": "TSLQ, expense ratio: 1.15% (485BPOS XBRL, Jul 23, 2026)."
  }
 ],
 "fields": [
  {
   "key": "sets_out_to_return",
   "label": "Sets out to return",
   "value": "-2 times the daily move of TSLA, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "-0.02 times, against -2 stated",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "TSLA",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "single stock, company",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$114m",
   "source": "source, as filed for Jun 30, 2026"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.15%",
   "source": "485BPOS XBRL, Jul 23, 2026"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Jul 14, 2022",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "56% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Fund": "\u221224.3%",
   "TSLA": "+11.6%",
   "-2x the move": "\u221223.2%",
   "Difference": "\u22121.1 pts",
   "TSLA moved about": "50%"
  },
  {
   "window": "3 months",
   "Fund": "+0.2%",
   "TSLA": "\u221210.1%",
   "-2x the move": "+20.2%",
   "Difference": "\u221220.0 pts",
   "TSLA moved about": "56%"
  },
  {
   "window": "6 months",
   "Fund": "\u221218.8%",
   "TSLA": "\u22126.6%",
   "-2x the move": "+13.2%",
   "Difference": "\u221232.0 pts",
   "TSLA moved about": "51%"
  },
  {
   "window": "1 year",
   "Fund": "\u221243.4%",
   "TSLA": "\u22120.9%",
   "-2x the move": "+1.8%",
   "Difference": "\u221245.2 pts",
   "TSLA moved about": "47%"
  },
  {
   "window": "3 years",
   "Fund": "\u221295.5%",
   "TSLA": "+36.6%",
   "-2x the move": "\u221273.2%",
   "Difference": "\u221222.2 pts",
   "TSLA moved about": "58%"
  },
  {
   "window": "Since launch",
   "Fund": "\u221297.2%",
   "TSLA": "+53.3%",
   "-2x the move": "\u2212106.7%",
   "Difference": "+9.5 pts",
   "TSLA moved about": "58%"
  }
 ],
 "questions": [
  {
   "q": "Did TSLQ return -2 times TSLA?",
   "a": "Over the window to Sep 11, 2026, TSLA moved \u221210.1% and TSLQ returned +0.2%. 2 times that move is +20.2%, so the fund came out 20.0 points short of it."
  },
  {
   "q": "Why does TSLQ not return -2 times over a year?",
   "a": "Because it resets daily. TSLQ aims at -2 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what -2 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get."
  },
  {
   "q": "Which -2x TSLA ETF tracked its stated multiple most closely?",
   "a": "3 issuers sell one. Over the days all of them have been trading, the table on this page ranks them by how far each finished from 2 times the underlying's move. ETFIQ does not rate funds; the order is the arithmetic."
  }
 ],
 "generated": "2026-09-13",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}